Residential Water Submetering Market was valued at USD 5.3 Billion in 2022 and is projected to reach USD 9.2 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global residential water submetering market was valued at approximately $4.2 billion in 2022, with a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030. The increasing focus on water conservation, coupled with rising water utility costs and a growing emphasis on reducing household water consumption, has driven this market's expansion. Technological advancements in smart metering systems, including real-time data analytics and remote monitoring capabilities, have further fueled the market's growth. Additionally, the implementation of stringent regulations and policies aimed at efficient water management is expected to support market demand over the forecast period.
Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities due to rapid urbanization, increasing residential developments, and heightened awareness about water conservation. These regions are witnessing substantial investments in infrastructure and smart technologies, contributing to the market's expansion. Furthermore, the rising adoption of Internet of Things (IoT) technology in residential water management systems is anticipated to enhance operational efficiency and provide new growth avenues. The combination of these factors is expected to drive substantial growth and innovation in the residential water submetering market in the coming years.
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Itron
Sensus Metering (Xylem)
Elster (Honeywell)
Kamstrup Water Metering
Ara Group
Ningbo Water Meter
Badger Meter
Siemens
Landis+Gyr
Shanchuan Group
Diehl Stiftung
Zenner International
Ista
Mueller Water Products
SUNTRONT Technology
Neptune Technology Group (Roper Industries)
Donghai Group
LianLi Water Meter
Engelman
Shenzhen Huaxu
METTER
Chongqing Intelligence Water Affairs
Lianyungang Water Meter
Qundis
Hunan Changde Water Meter
Weihai Ploumeter
China Minsen Meter
B METERS s.r.l.
Sontex
Beijing Huiyi
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Residential Water Submetering Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Residential Water Submetering market share In 2023.
Mechanical Water Meters
Smart Water Meters
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Residential Water Submetering Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Residential Water Submetering Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Residential Water Submetering Market, By Type
6. Global Residential Water Submetering Market, By Application
7. Global Residential Water Submetering Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Residential Water Submetering Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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